Latest Crypto News & Market Updates

Bitcoin falls to local low of $61.4K as key data signals major bearish turn

Bitcoin [$BTC] fell by another 3.9% in the last 24 hours, extending its price plunge to a local low of $61.4K. Strategy announced a 32 $BTC sale, the first since 2022. Heavy spot ETF outflows helped drive the price even lower.　　As expected, this caused a lot of capitulation, especially from short-term holders who bought during the rally of the past three months.　　AMBCrypto had warned that a cascade of long liquidations could hit the market, especially since it was already reeling under hefty selling pressure. Other metrics pointed to reduced demand and greater distribution from holders.　　Exploring the Bitcoin bearish regime shift　　Source: Axel Adler Jr　　The impulse performance metric has a fast and slow impulse component. Both were bearish after the downturn over the past two weeks. The fast impulse was near -90, and the slow impulse had fallen to -59, according to crypto analyst Axel Adler Jr.　　It underlined deteriorating Bitcoin market conditions. The current regime has been firmly bearish, and the slow impulse would need to climb back into positive territory to signal a regime shift.　　Source: Axel Adler Jr　　The shifting regime was backed by a change in the taker demand trends. Since March, aggressive buyers had kept the 30-day net taker volume

06-04Exchange

Bitcoin flash crash below $62K wipes out $1.8B in leveraged bets

Bitcoin suddenly slipped below $62,000 during Asia trading on Thursday, pushing crypto liquidations over the past 24 hours to $1.8 billion, according to CoinGlass data. Leveraged long positions made up $1.5 billion of those losses.　　The selloff coincided with persistent withdrawals from US spot Bitcoin ETFs, which recorded around $397 million in net outflows on Wednesday, per Farside Investors. Investors have pulled about $1.4 billion from the funds so far this week, led by nearly $1.2 billion in net outflows from BlackRocks IBIT.　　Elsewhere, market participants tracked a 116-Bitcoin deposit from a Mt. Gox wallet to Bitstamp, following a separate $731 million transfer to a new address. The activity reignited speculation around pending creditor repayments before the October 2026 deadline.　　Advertisement　　At press time, Bitcoin traded at $64,628, marking a roughly 12% decline over the past seven days. Most major crypto, including Ether, BNB, and XRP, were also under pressure as the market extended its pullback.　　Worldcoin outperforms market, touted as proxy for AI boom ahead of IPO wave　　While most crypto traded flat to lower, a few stood out. Worldcoin ($WLD) rose approximately 33% over the past 24 hours, outperforming the broader market, followed by Ethena ($ENA), which gained about 18%.　　Maelstrom, an investment fund run

06-04Exchange

Strive in position to buy 10x BTC holdings at current fundraising pace, exec says

The chief risk officer of Strive, Jeff Walton, just shared that the Bitcoin treasury firm is raising $8.1 million in capital per day. At this pace, he claims Strive could generate enough capital to issue up to $15.5 billion in preferred stock and use those funds to purchase approximately 175,000 more Bitcoins at current market prices.　　He made those comments today, June 3, as Strive (NASDAQ: ASST) continues its trend of record-breaking weekly Bitcoin purchases.　　Walton claims that if the firm sustains its current fundraising pace through its SATA preferred stock program, it would be able to increase its total Bitcoin holdings by almost ten times.　　Strive breaking records each week　　Strive‘s Bitcoin treasury currently holds 19,000 $BTC, after an aggressive acquisition of 2,500 coins between May 23 and June 1 for roughly $185.2 million, according to Cryptopolitan’s previous reports. The purchase was funded almost entirely through SATA sales, at an average cost of about $74,092 per coin.　　Walton also stated yesterday, June 2, that last week was “the largest non-IPO single week buy in company history,” beating the record the company had set just two weeks earlier. “Strive team hit the $BTC order book hard last week,” Walton said. “19,000 total $BTC and picking

06-04Exchange

Agentic payment activity tops 100M transactions on Base

Agentic payment activity on Coinbases Base network has surpassed 100 million transactions, signaling that machine-to-machine payments are moving beyond the proof-of-concept stage in onchain environments.　　According to a new Chainalysis report, wallets interacting with Coinbases x402 protocol generated more than 100 million transactions on Base within roughly nine months of launch.　　The x402 protocol allows software agents to make onchain payments directly through web requests. When an agent requests access to a resource, such as a data feed or API, it can automatically complete a stablecoin payment without human authorization.　　Much of x402s early growth was driven by a memecoin experiment called PING, which required users to make a payment through the protocol to mint tokens. The project attracted large numbers of users looking to acquire the token, triggering a surge in transaction activity.　　Although activity moderated after the PING frenzy subsided, usage did not collapse. According to Chainalysis, transaction volumes have stabilized while the value of transfers has increased.　　In early 2025, transactions worth more than $1 accounted for roughly 49% of total value transferred through x402. By early 2026, that figure had climbed to 95%, suggesting that the protocol was moving beyond micropayments.　　Cumulative agentic transfer volumes on Base. Source: Chainalysis　　Onchain data points to

06-04Exchange

Ethereum Hits 14-Week Low as Traders Defend Critical $1.8K Support

Ether ($ETH) dropped to $1,814 on Wednesday, its lowest in over 14 weeks, raising concerns about whether the $ETH/USD pair can stabilize above key liquidity zones near its multi-year lows at $1,800.　　$ETH/USD 1-hour chart. Source: Cointelegraph/TradingView　　Key takeaways:Ether fell to a 14-week low near $1,800, with traders warning a breakdown could trigger deeper losses toward $1,200-$1,600.The Coinbase Premium Index hit its lowest level since February, signaling persistent weakness in US spot demand.Spot Ethereum ETFs logged sixteen straight days of outflows.　　Ether sits on weak support at $1,800　　Ethers technical structure has weakened after losing support at $2,000 and $2,200. Note that all the major moving averages lie within this zone on the daily chart.　　Today, $ETH traded as low as $1,814 on Bitstamp, while the daily relative strength index (RSI) fell to 25, its lowest level since Feb. 6, highlighting strong downside pressure and oversold conditions.　　Related: Bitmine buys $52M $ETH as Tom Lee says price not yet showing Ethereums strength　　However, this might also mean that the sellers are losing momentum, suggesting a possible price rebound from current levels, akin to the 39% rebound seen in February.　　$ETH/USD daily chart. Source: Cointelegraph/TradingView　　Traders say Ethers bullishness hinges on the $ETH/USD pair holding above the crucial $1,800 support.　　“$ETH

06-04Exchange

‘Conviction compounds’ – Sharplink stakes 422 ETH as Ethereum drops below $2K

The second-largest Ethereum digital assets treasury (DAT), Sharplink, has reached 20,590 $ETH in rewards overall. This milestone was reached following a week-long stake of 422 $ETH by Sharplink.　　Remarking on this achievement, Sharplink noted,　　The productivity never stops. The conviction compounds.　　Ethereums market dynamics　　This occurs while Ethereums staking activity spikes, with “Entry” hitting 3,136,667 as of the 3rd of June. In contrast, the “Exit” was at 71,645 that same day.　　Source: validator Queue　　Even though Ethereum [$ETH] was experiencing such positive sentiment, its price was still struggling at $1,872.12, having dropped 5.51% in the previous day.　　Nonetheless, Ethereum has also been experiencing low U.S. spot demand and a dearth of aggressive institutional buying, according to the Coinbase Premium Gap chart, which was at -2.5.　　Source: CryptoQuant　　This occurred as the price of Sharplinks stock was at $5.81 following a 6.14% decline the day before.　　Sharplink vs. Bitmine　　That being said, Shaprlink is far behind Bitmines staking strategy, which has 4,718,677 staked $ETH, totaling $9.5 billion at $2,003 per $ETH thus far.　　Furthermore, the Ethereum holdings of the two companies also point to a significant disparity between them. Sharplink trails Bitmine with 868,699 $ETH valued at $1.63 billion, while Bitmine has 5,416,901 $ETH valued at $11.6 billion.　　It is also impossible to overlook

06-04Exchange

Crypto Long & Short: What about the American consumer？

Welcome to our institutional newsletter, Crypto Long it commercializes it.　　For regulators, tokenized ETFs may offer a pragmatic path forward: enable innovation where investor protections remain intact, rather than pushing demand into parallel channels with greater uncertainty. For exchanges, custodians, brokers and market makers, it could create a new infrastructure layer around products investors already understand.　　For issuers, it may become a race. The firms that combine trusted wrappers, credible assets and functional on-chain rails could capture disproportionate flows. And for allocators, the signal may be simple: blockchain technology is becoming less about novelty and more about plumbing.That is usually when real adoption begins.　　The broader lesson is that distribution often beats disruption:　　Who already has trusted wrappers？　　Who already has liquidity？　　Who already has access to advisors, retirement assets and institutions？　　Who can bridge old rails and new rails fastest？　　Those questions point toward ETFs.　　The next trillion dollars of tokenized assets may not come from inventing something entirely new; they may come from upgrading what already works. Cryptos first era was about building outside the system. Its next era may be about powering the system.　　Headlines of the week　　By Helene Braun　　A few of cryptos biggest debates converged this past week as Michael Saylors Strategy (MSTR) sold bitcoin to

06-04Exchange

Ethena soars 20%: Heres why ENA is rising and how high it can go

Ethena ($ENA) jumped nearly 20% after the Coinbase open-market token purchase news.Anchorage deal expands Ethena into institutional lending markets.The next key resistance level sits at around $0.1367.　　Ethenas $ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.　　The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.　　While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.　　Coinbase Ventures investment in Ethena　　A major driver behind the latest rally is Ethenas deepening relationship with Coinbase.　　Coinbase Ventures made its first-ever investment in Ethena by purchasing $ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.　　More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbases user base of more than 100 million accounts.　　This includes integration of Ethenas synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch

06-04Exchange

Insurance giant WTW moves into crypto asset recovery with Redefind buy

WTW, a global insurance broker and risk advisory company, has acquired crypto insurance platform Redefind and launched a digital asset protection service that covers expenses related to forensic investigations, asset tracing and legal recovery efforts following theft or loss.　　Redefind is a crypto insurance platform that allows individuals and institutions to purchase coverage for digital assets held across different custody arrangements. The company said its system uses cryptographic proof of ownership to verify insured assets.　　The service is designed as a non-custodial insurance product for digital asset owners and will initially launch in the United Kingdom, with broader market expansion planned. The coverage is focused on recovery-related costs rather than traditional custodial insurance products.　　Redefind founders Richard Daws and Connor Edward joined Willis, WTWs broking business, following completion of the acquisition.　　WTW described the acquisition as part of its strategy to expand services for clients exposed to digital finance, cryptocurrency markets and tokenized assets. The company did not disclose the financial terms of the transaction.　　Insurance companies expand crypto offerings　　Global insurers and brokers are increasingly eyeing expansion into cryptocurrency-related products, investments and payment systems, particularly by integrating digital assets into customer-facing products and services.　　In January, Delaware Life introduced Bitcoin-linked exposure to retirement annuities through a

06-03Exchange

Anoma Launches AnomaPay V1 to the Public, Introducing Multichain Payments on Ethereum

TLDR:End of beta phase:Anoma officially launched the V1 version of its private payments application AnomaPay, expanding its operations beyond initial testing environments.Asset support in V1:The platform natively supports Ethereum (ETH), USD Coin (USDC), Tether (USDT), and XAN, removing the deposit caps that existed in the previous version.Processing times:The system executes confidential transfers using zero-knowledge (ZK) proofs in an approximate time of 15 seconds per operation.　　On Tuesday, Anoma presented its AnomaPay V1 application, introducing multichain payments on EthereumMainnet for the first time. Thanks to this innovation, confidential transfers can be made with existing assets commonly used in the crypto ecosystem. The launch information adds that the architecture relies on Anomas Distributed Operating System (DOS) to minimize friction in institutional and corporate transactions.　　Prior to the launch of this version, on-chain privacy solutions required users to switch to specific networks or purchase exclusive privacy tokens. Now, the interface seeks to mitigate those operational hurdles by eliminating the installation of additional browser extensions. Registrations on the platform can be managed through decentralized access keys (passkeys) or by connecting pre-existing wallets such as MetaMask, Phantom, and Coinbase Wallet.　　Technical Integration and Fee Optimization　　The protocol executes the generation of zero-knowledge cryptographic proofs to hide the financial data

06-03Exchange

...

291293

...

1000